Large forex reserves help QCB to hold off on rate hikes: BMI:
"The Qatar Central Bank (QCB) is certainly able to hold off on rate hikes for some time, given its large foreign exchange reserves, a senior analyst has said.
“However, with growth likely to accelerate this year as FIFA World Cup-related projects progress and hydrocarbon prices edge up, the case for delaying hikes in order to support the economy amid the GCC diplomatic crisis will weaken,” Andrine Skjelland, analyst, BMI Research told Gulf Times yesterday.
He said BMI expects the US Federal Reserve to raise its benchmark funds rate by 75 bps this year and 50 bps in 2019."
'via Blog this'
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